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Excellent investment opportunity to buy an amazing piece of land of 7
Rethymno, Crete, Greece
REF: 700842
€280,000
Description
Excellent investment opportunity to buy an amazing piece of land of 7.372 sq. meters with olive trees, in the village of Asomatos close to Plakias, south Crete. The plot is located on the edge of the village on a gentle slope, amidst lush greenery and offers outstanding sea views overlooking the bay of Plakias, the Paximadia islands and the valley with olive groves in front. The land can be easily divided in more plots, each of them of 1.000 sqm or more, with a building allowance up to 400sqm for each plot. Water & electricity connections are very close to the property. This land is ideal for residential development, tourism or as an investment for the future.DistancesBeach 4kmTown 6km (Plakias) - 29km (Rethymno)Airport 110km (Heraklion)Hospital 29km
Excellent investment opportunity to buy an amazing piece of land of 7.372 sq. meters with olive trees, in the village of Asomatos close to Plakias, south Crete. The plot is located on the edge of the village on a gentle slope, amidst lush greenery and offers outstanding sea views overlooking the bay of Plakias, the Paximadia islands and the valley with olive groves in front. The land can be easily divided in more plots, each of them of 1.000 sqm or more, with a building allowance up to 400sqm for each plot. Water & electricity connections are very close to the property. This land is ideal for residential development, tourism or as an investment for the future.DistancesBeach 4kmTown 6km (Plakias) - 29km (Rethymno)Airport 110km (Heraklion)Hospital 29km
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Currency Exchange
Rethymno, Crete, Greece
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Greece takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €280,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €280,000 | £238,193 | £245,120 | £6,927 |
| Property Price € | €280,000 |
| Minimum cost in the last six months | £238,193 |
| Maximum cost in the last six months | £245,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,927 |
Rethymno, Crete, Greece
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Greece takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €280,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €280,000 | £238,193 | £245,120 | £6,927 |
| Property Price € | €280,000 |
| Minimum cost in the last six months | £238,193 |
| Maximum cost in the last six months | £245,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,927 |
The exchange rate on the day you make an offer on your property in Greece will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £6,927 more.
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